煜邦电力(688597.SH)发布公告，公司拟以自有资金人民币3,000万元收购控股子公司煜邦智源科技(嘉 兴)有限公司(以下简称"煜邦智源"或"标的公司")的少数股东王嘉乐、嘉兴瑞源永誉企业管理合伙企业 (有限合伙)(以下简称"瑞源永誉")所持煜邦智源34%股权中的10%股权，本次收购完成后，公司对煜邦智 源的直接持股比例将由66%增加至76%。 本次交易标的为公司控股子公司的少数股东部分权益，交易完成后，公司将进一步强化资源整合能力， 提升运营效率，有助于储能业务的统一管理。本次收购符合公司战略定位，不会带来新的投资风险，且 有利于提升整体业务竞争力。 ...

本次交易标的为公司控股子公司的少数股东部分权益，交易完成后，公司将进一步强化资源整合能力， 提升运营效率，有助于储能业务的统一管理。本次收购符合公司战略定位，不会带来新的投资风险，且 有利于提升整体业务竞争力。 智通财经APP讯，煜邦电力(688597.SH)发布公告，公司拟以自有资金人民币3,000万元收购控股子公司 煜邦智源科技(嘉兴)有限公司(以下简称"煜邦智源"或"标的公司")的少数股东王嘉乐、嘉兴瑞源永誉企 业管理合伙企业(有限合伙)(以下简称"瑞源永誉")所持煜邦智源34%股权中的10%股权，本次收购完成 后，公司对煜邦智源的直接持股比例将由66%增加至76%。 ...

12月8日晚间，中国中冶一则重磅公告，为年末资本市场投下震撼弹。 "打包出售"资产包 公告显示，公司拟将所持有的中冶置业100%股权及对中冶置业的标的债权，有色院、中冶铜锌、瑞木管理100%股权，中冶金吉 67.02%股权，以及华冶杜达100%股权出售给五矿地产控股和中国五矿。 交易价格为606.76亿元。 本次交易构成关联交易，不构成重大资产重组，已达到股东会审议标准，需提交股东会审议批准。 公司拟以606.76亿元将中冶置业等6大块资产整体"打包"出售给五矿系。 这一规模庞大的资源整合，释放出中国中冶聚焦核心主业、优化资产结构的清晰信号，引发市场广泛关注。 截至今日收盘，A股中国中冶股价报3.39元/股，总市值702.5亿元。 其中，中冶置业作为中国中冶旗下重要的地产业务平台，其剥离尤为引人注目。 据悉，中国中冶主营业务为工程承包、特色业务、综合地产。 不过作为全球最大的冶金工程建设承包商和运营服务商，其在冶金工程、基础设施建设等领域具有显著优势。 然而，房地产业务的周期性波动与重资产属性，与公司技术驱动、工程服务的核心模式存在一定差异。 通过剥离相关资产，公司有望进一步轻装上阵，将资源集中于更具技术壁垒 ...

东吴证券分析认为，提升ROE可以通过提高杠杆率、提高费类业务占比、提升资本使用效率、降费等方 式。此次监管引导通过强化分类监管，对优质机构适度拓宽资本空间与杠杆上限，提升资本利用效率， 将有助于提升券商ROE的中枢。 同时行业内的资源整合仍将成为券商快速提升规模与综合实力的又一重要方式，大型券商通过并购进一 步补齐短板，巩固优势，中小券商通过外延并购有望弯道超车，快速做大，实现规模效应和业务互补。 其次，12月5日，国家金融监管总局发布《关于调整保险公司相关业务风险因子的通知》，通知要求： 持仓超过三年的沪深300指数成分股、中证红利低波动100指数成分股的风险因子从0.3下调至0.27；持仓 时间超过两年的科创板上市普通股的风险因子从0.4下调至0.36。 据上海证券报报道，12月6日，中国证监会主席吴清在中国证券业协会第八次会员大会上表示，鼓励头 部机构通过并购重组打造国际一流投行，告别价格战，中小机构旨在"小而美"。 据国泰海通测算，此次变动，预计合计释放最低资本210亿，若全部用于增配股票，则可带来约764亿增 量资金。 吴清表示，证监会将着力强化分类监管、扶优限劣，对优质机构适当松绑，进一步优化风控 ...

"战略总指挥"换人 资源分散、跨品牌协同力不足等问题正在大众汽车集团身上上演，为解决问题，大众汽车集团战略、产 品战略及总秘书处负责人宣布换人。 据大众汽车集团声明，自2025年12月1日起，Ludwig Fazel将接替Stefan Weckbach出任集团战略、集团产 品战略及总秘书处负责人，任职后直接向集团首席执行官奥利弗 布鲁姆（OliverBlume）汇报工作，而 Stefan Weckbach则因个人原因离职。 集团公告明确，其核心职责是统筹产品战略规划与总秘书处事务，优化全球资源配置逻辑。 Ludwig Fazel的入局并非偶然，而是大众在电动化转型屡屡受阻后，针对"战略决策低效、资源协同失 衡"痛点的精准施策。 新任负责人Ludwig Fazel的教育背景涵盖慕尼黑工业大学与新加坡南洋商学院的管理与技术相关课程。 此前，他担任大众集团零部件业务首席运营官，执掌约6.5万名员工的全球生产网络，同时领导集团技 术部门战略方向，该部门覆盖零部件、电池及充电与能源业务，并建立向福特等外部伙伴销售平台组件 的业务，被誉为典型的"技术+管理"双轮驱动型人才。 在执掌大众零部件公司COO的三年间，Fazel ...

资源分散、跨品牌协同力不足等问题正在大众汽车集团身上上演，为解决问题，大众汽车集团战略、产品战略及总秘书处负责人宣布换人。 孙婉秋 摄 新任负责人Ludwig Fazel的教育背景涵盖慕尼黑工业大学与新加坡南洋商学院的管理与技术相关课程。此前，他担任大众集团零部件业务首席运营 官，执掌约6.5万名员工的全球生产网络，同时领导集团技术部门战略方向，该部门覆盖零部件、电池及充电与能源业务，并建立向福特等外部伙伴销售 平台组件的业务，被誉为典型的"技术+管理"双轮驱动型人才。 在执掌大众零部件公司COO的三年间，Fazel曾交出亮眼成绩单，面对2023年全球汽车芯片短缺危机，他主导建立"全球供应商应急响应网络"，通过 跨区域产能调配、替代芯片研发同步推进的策略，将大众核心车型的交付延误率从45%降至12%；同时，他推动零部件业务的数字化转型，搭建全球生产 数据平台，使生产网络的运营效率提升28%，直接为集团节省成本超18亿欧元。 这些经历让他成为破解大众资源困局的"最优解"。 此次Ludwig Fazel接手的是大众集团积弊已久的战略"顽疾"。 2023年以来，大众集团内部"品牌各自为战"的问题愈发凸显，奥迪全力推 ...

12月3日，湖南盐业集团宣布，近日公司以意向重整投资人身份正式报名参与杉杉集团有限公司的 破产重整，并已完成5000万元保证金缴纳。 公开资料显示，湖南盐业集团是湖南省人民政府批准设立的国有独资企业，前身为2002年成立的 湖南省轻工盐业集团。截至2023年底，集团注册资本10亿元，资产总额205.61亿元，下辖11家 一级子公司及多个生产与营销机构，包括子公司雪天盐业。 湖南盐业集团表示，杉杉股份作为全球锂电池负极材料与偏光片行业龙头，其产业矩阵与集团重 点发展的新能源、新材料板块高度契合。通过此次重整，集团有望快速切入锂电核心供应链，获 取关键技术与市场资源。 【集邦Display显示产业交流群】 = TrendForce 集 邦 咨 询 显示器研究中心 面板产业链市场供需及价格报告 面板产业市况季度报告 面板价格" Plus"和市况更新月度报告 . 面板价格预测月度报告 · · . 面板出货追踪月度报告 季度面板产能状况季度报告 . . 面板厂产能利用率月度分析报告（稼动率） 同时，湖南盐业集团将发挥资本赋能作用，凭借自身产业基础、资本平台及与复旦大学等高校科 研机构的合作，输出产业协同、资源整合与创新 ...

Group 1: Industry Overview - The glass industry is currently in a phase of capacity clearance and supply-demand mismatch, with a focus on understanding the capacity structure, product iteration trends, and market competition logic in the South China region [1] - The photovoltaic glass market is experiencing weak overall expectations, with the core logic of industry growth shifting from "anti-involution" to capacity clearance, leading to discussions on response strategies within the industry [2] - The existing capacity is primarily composed of emerging capacities, with a focus on eliminating poorly managed enterprises, while actual production capacity can reach 110% to 120% of designed capacity [2] Group 2: Product Characteristics and Supply Chain - The main product thickness is 2.0mm, with a high processing conversion rate of 90% and a processing qualification rate exceeding 99%, utilizing a B2B model for distribution [3] - The company has stable raw material supply, with quartz sand sourced from its own mines and soda ash procured through long-term agreements, impacting production costs [4] - Inventory management is efficient, with a normal inventory cycle of 30 to 40 days, aligning with the fast turnover characteristics of photovoltaic glass [5] Group 3: Market Dynamics and Competition - The core consumption market for daily-use glass is in Guangdong, with significant demand from the seasoning industry and other sectors [6] - The competition in the market is intensifying, particularly for raw soda ash, with a noticeable downward trend in synthetic soda ash costs [7] - The photovoltaic glass industry is seeing a clear direction in product iteration, with 2mm thickness accounting for 80% of the market, while the 3.2mm thickness is gradually being phased out [14] Group 4: Trade and Collaboration - The current trade model in the photovoltaic glass market is primarily point-to-point, with direct connections between glass manufacturers and component factories, leading to challenges in financing for midstream traders [15] - The cooperation ecosystem is characterized by component manufacturers holding pricing power, which affects the negotiation dynamics with glass suppliers [15] - Future industry trends indicate a focus on cost advantages and product quality, with logistics optimization and resource integration becoming critical [16]

Core Viewpoint - The acquisition of a 7.76% stake in Weiling New Energy by Xizang Shannan Antimony Gold Resources marks a strategic move for Xinyi Silver Antimony to gain control and enhance its resource integration strategy in the lithium battery raw material sector [1][2]. Group 1: Acquisition Details - Xizang Shannan plans to acquire 20,233,800 shares of Weiling New Energy for a total of 308 million yuan, at a price of 15.21 yuan per share [1]. - After the acquisition, Xizang Shannan will become the largest shareholder of Weiling New Energy, despite not reaching the controlling stake threshold [1]. - Voting rights arrangements have been made, with Shanghai Lingyi New Materials and Yang Yongzhu agreeing to waive their voting rights on their respective shares to stabilize control [1][2]. Group 2: Corporate Governance Changes - Following the completion of the share transfer, Xizang Shannan will nominate all five board members of Weiling New Energy, leading to a board restructuring [2]. - The current board is required to initiate resignation procedures within five working days post-transfer to ensure a smooth governance transition [2]. Group 3: Business Synergy and Strategy - Weiling New Energy's main business includes multi-metal mining and lithium raw material processing, which aligns well with Xinyi Silver Antimony's core operations [2]. - The acquisition is part of Xinyi Silver Antimony's strategy to integrate resources and enhance its presence in the lithium battery raw material market, complementing its focus on silver and tin [2]. Group 4: Financial Performance - Weiling New Energy reported a revenue of 213 million yuan for the first three quarters of 2025, a decrease of 53.88% year-on-year, and a net profit loss of 13.05 million yuan, indicating a need for strategic realignment [2]. - The acquisition is seen as a continuation of Xinyi Silver Antimony's resource integration strategy, particularly in the Yunnan region [2]. Group 5: Market Context - The demand for lithium and tin resources is on the rise due to the growth of the new energy industry, positioning Xinyi Silver Antimony favorably through this acquisition [3]. - Weiling New Energy's stock was suspended from trading on November 25, with a closing price of 16.9 yuan per share and a market capitalization of 4.404 billion yuan prior to the suspension [3].

Core Viewpoint - The company announced the completion of the deregistration of its subsidiary, Hubei Zhixin Biotechnology Co., Ltd., as part of a strategic move to optimize its organizational structure and improve operational efficiency [1] Group 1: Company Actions - The subsidiary, Hubei Zhixin Biotechnology Co., Ltd., was established on May 22, 2017, with a registered capital of 600,000 RMB [1] - The decision to deregister was approved during a board and supervisory meeting held on October 24, 2024, with the announcement made on October 25 [1] - The deregistration process was confirmed by the Yichang High-tech Zone Market Supervision Administration through a notification letter [1] Group 2: Business Strategy - The deregistration is aimed at resource integration, organizational optimization, reduction of management costs, and enhancement of management efficiency and operational effectiveness [1]